Cantor Fitzgerald Stays Bullish on Tesla After Record Q3 2025 Deliveries
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Cantor Fitzgerald Maintains Bullish Outlook on Tesla Following Record Q3 2025 Deliveries
Introduction
Following Tesla’s impressive third-quarter performance in 2025, Cantor Fitzgerald has reaffirmed its optimistic view on the electric vehicle giant. The company delivered an unprecedented 497,099 vehicles in Q3, surpassing analyst forecasts and setting a new company record. This surge was largely driven by a wave of consumer purchases ahead of the expiration of a key federal EV tax credit.
Cantor Fitzgerald has maintained its Overweight rating for Tesla (NASDAQ: TSLA) and retained a price target of $355 per share, citing strong delivery figures as evidence of sustained demand, particularly amid the $7,500 federal tax incentive that expired on September 30.
Record Deliveries Exceed Expectations
In a recent note, Cantor Fitzgerald highlighted that Tesla’s Q3 vehicle deliveries not only surpassed expectations but also shattered previous records. Analysts had projected roughly 443,079 deliveries, whereas Tesla delivered 497,099 units, up from 384,122 vehicles in Q2 2025.
The firm attributed the surge to a “push forward effect,” where consumers accelerated purchases to take advantage of the expiring federal tax credit. According to Cantor Fitzgerald:
“On 10/2, TSLA pre-announced 497,099 deliveries in 3Q25 — its highest quarterly total ever — significantly above consensus of 443,079 and 2Q25’s 384,122. This was largely due to customers rushing to secure EVs ahead of the $7,500 credit expiring on 9/30.”
Positive Impact on Market Value
The record deliveries have boosted Tesla’s market capitalization, bringing it to approximately $1.47 trillion, reflecting investor confidence in the company’s growth prospects.
Additionally, Tesla is teasing a new product announcement on October 7, which analysts expect could provide another catalyst for investor enthusiasm and drive additional market momentum.
Tesla Energy Shines
While Cantor Fitzgerald notes that Tesla’s total production and deliveries for the full year may fall short of the 2024 target of 1.8 million vehicles, the firm highlighted Tesla Energy as a standout performer. In Q3 2025, Tesla deployed a record 12.5 GWh of energy storage products, surpassing both the firm’s estimate of 11.5 GWh and the Visible Alpha consensus of 10.9 GWh.
This deployment represents the largest quarterly total in Tesla’s history, and the company has already exceeded the full-year deployments of the previous year. Cantor Fitzgerald expects energy storage revenue to surpass $12 billion in 2025, potentially accounting for 15% of Tesla’s total revenue.
Analyst Insights and Outlook
Cantor Fitzgerald remains confident in Tesla’s long-term growth trajectory. The firm sees the energy storage business as a stabilizing force that can offset fluctuations in vehicle deliveries. With increasing global demand for renewable energy solutions and Tesla’s continuous innovation, the company is well-positioned for sustained expansion.
“Tesla’s Energy Storage has now deployed more products YTD than all of last year, which is encouraging,” the firm noted, emphasizing the segment’s rapid growth.
Conclusion
Tesla’s record-breaking Q3 deliveries and robust energy storage performance reinforce its strong market position. Cantor Fitzgerald’s Overweight rating and $355 price target highlight the firm’s confidence in Tesla’s ability to capitalize on its strengths and maintain growth momentum.
Beyond the headline numbers, Tesla’s performance underscores a shifting automotive landscape, where electric vehicle demand continues to rise and innovation drives competitive advantage. With new product announcements on the horizon and continued advances in energy solutions, Tesla remains a key player shaping the future of transportation and renewable energy.